Using scenario analysis to help utilities map out their strategies.
Doug Buresh and Gary L. Hunt
If you were a utility executive today would you consider building a new nuclear power plant? What if the United States decided to implement the emission reductions called for in the Kyoto Protocol without adopting it? How might your business be affected by another 9/11-scale terrorist attack on a U.S. target? What would be the impact of growing reliability problems in key U.S. power markets? Some utility executives are asking themselves just such questions.
The Energy Policy Act of 2005 makes human resource challenges even more significant.
Hidden in the 1,700-plus pages of the Energy Policy Act of 2005 is a set of regulatory requirements that will redefine the technology, leadership, training, culture, compensation, job design, and organizational models currently employed in the industry.
(March 2006) FirstEnergy Corp. named Bennett L. Gaines vice president and CIO. PPL Corp. named Matt Simmons vice president and controller. NorthWestern Corp., d/b/a NorthWestern Energy, named D. Louis Peoples to its board of directors. The Nuclear Regulatory Commission’s Advisory Committee on Reactor Safeguards re-elected Dr. Graham B. Wallis as chairman, Dr. William J. Shack as vice-chairman, and John D. Sieber as member-at-large. And others...
The North American Electric Reliability Council should be promptly certified as America’s electric reliability organization.
To create the strong electric reliability system envisioned by Congress, FERC needs to focus on many issues, two of which are especially important: creating consistency in how compliance and enforcement programs are carried out at the regional level, and leading the transition—effectively and promptly—from today’s world to the new era called for in EPACT.
(February 2006) Mirant announced that Robert M. Edgell would be appointed executive vice president and U.S. region head. The Southern California Edison board of directors elected James T. Reilly vice president of nuclear engineering and technical services for the San Onofre Nuclear Generating Station. KeySpan Corp.’s board of directors appointed Stephen W. McKessy lead director. Richard C. (Dick) Kelly was elected chairman of Xcel Energy Inc.’s board of directors. And others...
How to avoid the billions of dollars in costs that were disallowed during the last round of construction.
With nuclear energy again being viewed as part of the solution for the United States’ energy needs, a number of companies are starting the early permitting and licensing process. Meeting budget targets means the industry must address project-management issues and the risk of end-of-project disallowances for any company or regulator to be able to move forward with new construction.
Here’s what’s driving the renaissance.
Nine companies, consortia, or joint ventures are planning approximately 12 new nuclear power plants in the United States. How do the business challenges they face differ from the challenges faced by companies using other fuel sources?
The new chairman discusses the meaning of the Energy Policy Act of 2005.
The wide-ranging Energy Policy Act of 2005, signed into law by President Bush Aug. 8, already is affecting the energy industry—and guaranteeing that FERC will be a very busy agency. Fortnightly asked FERC Chairman Joseph T. Kelliher what the future holds for the commission.
Why integration may win out in the long run.
In the electric power industry, the urge to merge has gained a new lease on life. These combinations are witness to the powerful forces of consolidation let loose when deregulation makes consolidation a preferred tactic in an uncertain world. But to what extent will government policy encourage or resist this trend? What exactly is the regulatory environment that nurtures combinations or, for that matter, supports fragmentation? As we shall see, there are many cross-currents.
(August 2005) President Bush nominated Joseph Kelliher to chairman of the Federal Energy Regulatory Commission. Xcel Energy named Richard C. (Dick) Kelly CEO. And others...